PAX River - Patuxent River Naval Air Station Homes and Apartments - SOMD

Searching for temporary or permanent accommodations in Southern Maryland (SOMD - Calvert and St. Mary's County, MD)? In particular, if you need real estate, rental or other housing assistance or information about the areas near "PAX NAS" (the Patuxent River Naval Air Station, in Lexington Park, MD) - we've got great information and services for you.

Patuxent River Apartments, Homes and Hotel Accommodations can be located with the help of Cherry Cove Hospitality Services of Southern Maryland. Cherry Cove offers event planning and accommodations at local hotels (in Waldorf, Solomons Island and Lexington Park), apartment rentals (at Four River Community Apartments and Indian Bridge Apartments), Business Conference and Event Services (at the J.T. Daugherty Conference Center, Lexington Park), Pax River Executive Office Suites, Storage Rentals, and all the services you need to design and build a Southern Maryland Custom or Modular Home!

Cherry Cove's Mission is to "provide distinctive quality and unparalleled service to exceed expectations with Southern Maryland hospitality, development and property management services". This mission is in fact delivered, as I've personally experienced, at all times in Calvert and St. Mary's counties, MD.

Spring Activity is Up in Northern Virginia

We've not seen this level of buyer activity seeking housing and land for some time in the Northern Virginia area - combined with the Northern Virginia foreclosures "land rush" going on, the real estate business is very brisk this Spring. The pendulum seems very much to be at the bottom part of its swing, coming down over several years to begin regaining strength and momentum with respect to sales of existing housing, with some renewed activity and movement in new housing.

Therefore, while this is absolutely still a buyer's market, the market is quickly getting much more active and crowded, with prices beginning to turn the corner in some areas to favor the seller. We don't see a region-wide escape from the "bottom", however, still through most of this year - but the rebound is happening in very desirable and popular locations. It's time to buy - get out, and get your deals on.

Check out our rapidly-growing inventory of fantastic Maryland and Northern Virginia Real Estate Listings, including rentals, land, farms and business properties!

Mother's Day note to all Northern Virginia Women and Moms - if you'd like to get a fresh view and perspective into what makes Northern Virginia "tick", and begin establishing (especially if you're new to the area) some great contacts, friends and other social contacts who are likewise interested in "all things for the modern mom" - check out the Summer Issue of the I Am Modern Magazine for Moms. It's a very local publication, distributed currently to many Eastern Loudoun County retailers and family-friendly stores - very soon the Fairfax edition will be released as well.

Northern Virginia Real Estate Services

Here's a quick list of some of my preferred local Maryland and Northern Virginia Real Estate Service providers and information sources; everything from Northern Virginia Insurance, to Landscaping and Handyman services.

Loudoun Insurance, for Home, Life, Auto and more.

Northern Virginia Handyman and Remodeling Services - by Housedoctors of Ashburn.

Northern Virginia Landscaping, Gardening - by Growlandscapes in Falls Church.

Northern Virginia Internet Marketing (to help sell your house!) - out of South Riding.

Dulles South Online - great local resource about Loudoun County.

Cherry Cove Southern Maryland Construction, Hospitality, Conference Center - housing, rental and other resources in St. Mary's, Calvert and other Southern Maryland areas.

Northern Virginia Home Security and Alarm Screens - especially helpful for businesses!


(Just for Fun!)
San Diego Limo Events

Modern Moms of Northern Virginia, Magazine, Forum, Meetup Groups!

Northern Virginia Foreclosures and Prince William Foreclosures

Northern Virginia Foreclosures and Prince William Foreclosures
"Foreclosure" is the process where, after a buyer has failed to make the lender payments as agreed, and has been served with a notice of default, the property is sold by auction. The borrower still owns the property until the auctioneer actually says "sold", and may stop the sale at any time up until this point by paying what is owed plus applicable costs and/or interest. After the auction, if no one bids successfully on the property, the foreclosing lender (usually a bank), becomes the new owner. Property owned by the lender/bank after a foreclosure is called "Real Estate Owned".

Typically, foreclosures can be very reasonable values, with pricing at or below market value. Banks or other lenders are usually motivated to unload the property as quickly as possible, to avoid carrying costs (i.e. mortgage payments on an unoccupied dwelling). Banks will work hard with auctioneers, buyers and their representatives, including Real Estate Agents, to reach a quick and satisfactory deal.

The current difficulties in the housing market have led to a rapid increase in foreclosed properties in the Northern Virginia, DC and Maryland real estate inventories. Check my updated Northern Virginia foreclosure listings, and Greater Washington DC foreclosure properties.

Current Virginia and Maryland Real Estate Listings

Listing are current only as of the posting date of this Blog entry - Click here for more information and links to current listings

Get your Landscaping ready for Spring!

Here's a tip from our Northern Virginia Landscaping friends at Grow Landscapes, of Falls Church, VA:

To prep your home for quick sale this Spring, Virginia Landscaping planning is underway for this year's growing season - now's the time to begin surveying and planning your Spring design and cleanup activities, including Lawn Care, Mowing, Aeration, Weed Control, Maintenance, Stacked Stone & Block Retaining Walls, Flagstone, Masonry & Brick Paver Patios, tree and shrubbery plantings, perennial culling and many other elements of your VA landscaping design strategy.

Call Grow Landscapes at 703-536-0412 BEFORE the weather gets too warm!

Current preferred property listings in Northern Virginia - 12_28_2007

Listing are current only as of the posting date of this Blog entry - for today's current listings, Click here for more information

• 1303 LAKEVIEW PKWY $345,000 LAKE OF THE WOODS Rambler Detached
  
• 7075 YATES FORD RD $349,900 YATES FORD ROAD Colonial Detached
  
• 269 4TH AVE 750 TOWN OF QUANTICO Farm House Dwellingw/Rental
  
• 16150 HENDERSON LN $289,900 MONTCLAIR Colonial Townhouse
  
• 15548 WINDWARD CT $414,900 SOUTHLAKE AT MONTCLAIR Colonial Detached
  
• 1303 LAKEVIEW PKWY $1,800/month LAKE OF THE WOODS Rambler Detached
  
• 2811 FOSTER PL $1,699/month PHILLIPS ADDN Raised Rambler Detached
  
• 57216 302 OAKRIDGE DR $274,900 OAKRIDGE / COUNTRY RIDGE Rambler Detached
  
• 4134 WAYNESBORO CT $574,900 HEATHFIELD MA Colonial Detached
  
• 12163 OLD SALEM CT $269,900 LAKE RIDGE Colonial Townhouse
  
• 7479 ZANUCK CT $398,000 CAVALCADE Colonial Townhouse
  
• 10145 FOREST HILL CIR $309,900 BALDWIN OAKS Split Level Detached
  

Shore up your financial house, as a Buyer

Recently, the Federal Reserve cut the Discount Rate from 6.25% to 5.75%, which is positive news for home mortgage customers - a drop of .25 basis points in the Fed Funds Rate is now anticipated in September and another .25 basis points in October. The overall trend is down (though rates do bump up and down weekly), and brings additional relief at least to the "buyer" side of the real estate business - which obviously already is a buyer's market with drastically reduced pricing, available incentives, and a still strong inventory available to choose from.

On the other hand, the mortgage markets are also tightening up, due to very difficult financial pressure on the "sub-prime" industry - Banks are less likely to make the more risky loans, and therefore many more borrowers will likely have to pay higher interest rates for sub-par credit, or may not get the extended credit they need to pay the still high pricing in many suburban areas.

So - it pays to be a wise financial investor now more than ever, working with all your contacts and a really good agent, to target the opportunities for a new home investment that precisely fall within investment parameters you set. Pay attention to the details, don't settle for the easiest or most convenient property or loan - you really can find great value now, but your own financial house needs to be in good order.

Average Mortgage Rates:

Growth slowing, inventories and foreclosures up...

The housing market is most certainly in a very "cooling off" pattern in Northern Virginia, according to all indicators. Reprinted from the Washington Post:

The galloping growth of Washington’s outer Virginia suburbs is slowing at last, according to Census Bureau estimates to be released today, with high housing costs beginning to dull the appeal of counties that have long been a magnet for newcomers.

Loudoun, the nation’s second-fastest-growing county in 2005, dropped to fourth place largely because only 7,506 people moved in during 2006, compared with 12,002 the previous year.

Fairfax’s growth rate also declined, but for a different reason: Ever more residents are moving out of the county.

The shift brings Northern Virginia in line with the District and Maryland, where Montgomery County’s growth rate continued to slow and growth in two other counties — Anne Arundel and Prince George’s — stagnated in 2006.

“There’s still growth in the Washington region, and there’s still migration from the inside of the doughnut to the periphery. But it’s kind of slacking,” said William H. Frey, a demographer at the Brookings Institution. “From being a very fast-growing exurban place, Washington has now come down to more normal levels.”

All this leads to expectations of a very good Spring Buyer's season, and a continuing difficult Seller's market - all the more reason to examine every type of advertising, deal, selling style and outlet available to move your home, if not actually renting it....call for more ideas!